Definition of Waqf and an Example
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The Shaykh : Waqf is when a person endows a thing, holds it back, and releases its benefit. For example, he says, "This house is a waqf for the poor." If he says, "This is a waqf for the poor," sit down, my son. If he says, "This is a waqf for the poor," it becomes a waqf for them; it is not to be sold, but its produce is for the poor.